Large Cap
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November 21, 2025
Byju's Founder Hit With $1B Judgment Over Missing Funds
A Delaware bankruptcy judge has issued an over $1 billion default judgment against the founder of Indian tech giant Byju's, saying the extreme award was justified by months of willfully thwarting attempts to trace funds missing from a bankrupt Byju's subsidiary.
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November 21, 2025
Rusoro Accuses Gold Reserve Of Trying To Hinder Citgo Sale
Rusoro Mining has accused Gold Reserve, a fellow creditor of Venezuela, of trying to undermine an auction process in Delaware federal court for Citgo Petroleum Corp.'s parent company "in any manner possible, and at any cost."
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November 21, 2025
'No Evidence' New Info Backs J&J Unit's Libel Suit, Court Told
A doctor being sued by Johnson & Johnson's bankrupt talc subsidiary pushed back on the unit's bid to revive its trade libel claim over a scientific article she wrote linking asbestos in talc to mesothelioma, arguing it failed to cite any evidence that undermines the court's finding that the article was a nonactionable statement of scientific opinion.
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November 21, 2025
Modivcare, Creditors Near Contested Ch. 11 Plan Hearing
Healthcare services and technology group Modivcare is gearing up for a contentious December Chapter 11 plan confirmation hearing in Texas, where it faces unsecured creditors' objection to a $1 billion debt-for-equity swap deal.
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November 21, 2025
Nicklaus' Golf Cos. File Ch. 11 With $500M+ Liabilities
Nicklaus Companies LLC, the sporting gear and golf course design company founded by legend Jack Nicklaus, and 11 affiliates filed for bankruptcy in Delaware on Friday, as it disputes a $50 million jury award in favor of the 85-year-old retired golfer in his defamation suit against the company.
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November 21, 2025
3rd Circ. Rejects Boy Scout Abuse Claimants' Fee Requests
The Third Circuit on Friday backed the denial of $21 million in counsel fees to the Coalition of Abused Scouts for Justice as tort claimants in the Boy Scouts of America's bankruptcy case, ruling that the organization was not a creditor entitled to recoup money from the estate.
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November 21, 2025
Fenwick & West Must Face New Claims In FTX Crypto MDL
A Florida federal judge signed off on a bid to file new claims against Fenwick & West LLP by victims of the infamous FTX Trading Ltd. cryptocurrency scam after they argued that new information had emerged about the firm's alleged role in the trading platform's collapse.
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November 21, 2025
Ex-US Trustee Director's Firing Appeal Tossed, For Now
The former head of the U.S. Department of Justice's bankruptcy watchdog program had her appeal challenging her abrupt firing dismissed, at least for now, while a federal agency mulls questions around executive power in separate cases.
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November 20, 2025
Meet The Attys Setting Diamond Co. Lugano's Ch. 11
Lugano Diamonds & Jewelry Inc., a luxury jewelry designer, filed for bankruptcy in Delaware with plans to sell the business in the wake of fraud allegations against its founder. Guiding it through Chapter 11 is a team of attorneys with Keller Benvenutti Kim LLP and Young Conaway Stargatt & Taylor LLP.
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November 20, 2025
Under The Radar: Bankruptcy News You May Have Missed
A Texas bankruptcy judge ruled claims against Wellpath's parent were released by its Chapter 11 plan, companies tied to the Hudson Hotel sought over $12 million and the Fifth Circuit rejected a decision that a bankruptcy court had jurisdiction over a post-confirmation contract dispute.
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November 20, 2025
Office Snapshot: Chipman Brown's Modern Expansion In Del.
In recently expanding the size of its office in Wilmington, Delaware, Chipman Brown Cicero & Cole LLP said the renovated space was designed with "productivity and comfort in mind."
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November 20, 2025
Judge Raises Sanctions In Eletson Affiliate Ownership Row
The New York bankruptcy judge overseeing Eletson Holdings' Chapter 11 case has raised sanctions against three Cypriot corporations connected to the shipping company's former owners to $5,000 a day for failing to reverse changes to the board of an Eletson affiliate.
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November 20, 2025
Del. Court OKs Marriott Role In Sonder Ch. 7 Wind-Down
A Delaware bankruptcy judge has approved Marriott International Inc.'s limited management intervention in a sudden liquidation by former short-term rental partner Sonder Hospitality Holdings, after Marriott cited risks to guests from Sonder's lockdown and Chapter 7 filing.
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November 20, 2025
Ex-SDNY Chief Rejects Claim Of Broken FTX Plea Promise
Former interim Manhattan U.S. Attorney Danielle Sassoon told a federal judge Thursday that she never promised crypto lobbyist Michelle Bond any kind of no-prosecute deal as the government negotiated a guilty plea with Bond's husband, former FTX executive Ryan Salame.
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November 19, 2025
FDIC Can't Have Advisory Jury In $1.9B Fight With SVB Trust
A California federal judge Wednesday denied the Federal Deposit Insurance Corp.'s request that she empanel an advisory jury in a suit looking to force the agency to return some $1.9 billion in frozen deposits to the former operator of Silicon Valley Bank, finding "no compelling reasons" to do so.
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November 19, 2025
Bankrupt Diamond Co. Was Undone By CEO Fraud Claims
Behind the glittering facade of Lugano Diamonds were fraudulent diamond investments and accounting irregularities that have landed the luxury jewelry house in bankruptcy, court documents and financial disclosures show.
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November 19, 2025
Lawmakers Urge High Court To Curb SEC's Receivership Powers
A group of Republican lawmakers is urging the U.S. Supreme Court to take up a Texas businessman's case challenging the U.S. Securities and Exchange Commission's ability to place businesses into court-appointed receivership before a trial.
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November 19, 2025
Solar Firm Disputes Pine Gate's Equity Claim To Big Project
A Montana solar developer is challenging a component of Pine Gate Renewables' proposed bankruptcy sale of Sunstone Solar, one of the largest solar and battery energy storage projects in the United States, arguing the debtor's estate does not have any equity in the project.
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November 19, 2025
Everstream Ch. 11 Plan Gets OK Over US Trustee Objection
A Texas bankruptcy judge confirmed the Chapter 11 plan from business internet service provider Everstream Solutions after overruling an objection to the plan's third-party releases from the U.S. Trustee's Office.
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November 19, 2025
Genesis Injury Claimants Urge 5th Circ. To Undo Stay Orders
Personal injury and wrongful death claimants have asked the Fifth Circuit to intervene in Genesis Healthcare's bankruptcy to unravel orders the group says obstruct claimant access to the civil justice system.
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November 19, 2025
Canadian Gas Co. Hits Ch. 15 Ahead Of Nov. Debt Payments
Canacol Energy Ltd., a Canadian group that explores natural gas in Colombia, has sought Chapter 15 protection in New York, citing a liquidity crunch hampering its ability to make upcoming payments on over $900 million in debt.
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November 18, 2025
Reed Smith Can't Represent Eletson By 'Repeated Incantation'
A New York federal judge on Tuesday rejected Reed Smith LLP's latest effort to intervene on behalf of the purported former owners of international shipping company Eletson Holdings in Eletson's $102 million breach-of-contract litigation with rival Levona, saying the firm can't represent the holding company post-bankruptcy "by repeated incantation."
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November 18, 2025
Purdue Opts Into New Release Reality To Win Ch. 11 Plan OK
Shifting to an opt-in release mechanism in response to a U.S. Supreme Court ruling got Purdue's revamped Chapter 11 plan to confirmation by giving claimants the choice to pursue members of the Sackler family for civil liability, though that may prove to be a tall order, experts told Law360.
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November 18, 2025
Lugano Diamonds' $12M Ch. 11 Financing Gets Interim OK
Luxury jewelry house Lugano Diamonds & Jewelry Inc. can access up to $1.5 million in Chapter 11 financing from its majority owner as it pursues a buyer during the holiday shopping season.
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November 18, 2025
Purdue's $7.4B Ch. 11 Plan Jibes With New Release Paradigm
A New York bankruptcy judge gave a bench ruling Tuesday explaining his decision to confirm Purdue's $7.4 billion Chapter 11 plan, which transforms the pharmaceutical giant into a public benefit company, ruling that liability releases fully comply with new restrictions imposed by the U.S. Supreme Court last year.
Expert Analysis
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Administrative Disaster At Bankruptcy Courts May Be In Sight
If, as a result of voluntary resignations or terminations, the professional staff of the U.S. Trustee's Office is depleted, it will undoubtedly cause a slowdown in the administrative process for the significant majority of bankruptcy cases, says Charles Tatelbaum at Tripp Scott.
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An Unrestrained, Bright-Eyed View Of Legal AI's Future
Todd Itami at Covington offers a bright-eyed, laughing-all-the-way, skydive look at what the legal industry could look like after an artificial intelligence revolution, which he believes may happen much sooner and more dramatically than we expect.
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Tracking The Evolution In Litigation Finance
Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.
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Law School's Missed Lessons: Preparing For Corporate Work
Law school often doesn't cover the business strategy, financial fluency and negotiation skills needed for a successful corporate or transactional law practice, but there are practical ways to gain relevant experience and achieve the mindset shifts critical to a thriving career in this space, says Dakota Forsyth at Olshan Frome.
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A Cold War-Era History Lesson On Due Process
The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.
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Improv Makes Me A Better Lawyer
Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.
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How BigLaw Executive Orders May Affect Smaller Firms
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
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Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Law School's Missed Lessons: Be An Indispensable Associate
While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.
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23andMe Case Highlights Privacy Complexities In Ch. 11
Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.
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Birding Makes Me A Better Lawyer
Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.
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Adapting To Private Practice: From DOJ Leadership To BigLaw
The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.